FTC Solar (FTCI) Stock Price, News & Analysis

Company Overview

FTC Solar, Inc. (NASDAQ:FTCI) specializes in the design, manufacturing and deployment of solar tracker systems for utility-scale photovoltaic power plants. The company’s tracker solutions are engineered to follow the sun’s path and optimize energy capture, helping customers maximize the performance of their solar assets. In addition to its core mechanical tracker products, FTC Solar offers advanced supervisory control and data acquisition (SCADA) software that enables remote monitoring, predictive maintenance and performance analytics.

Headquartered in Austin, Texas, FTC Solar supports large-scale solar projects across multiple regions, including North America, Latin America, Europe and the Middle East. The company provides end-to-end services spanning project engineering, procurement support, commissioning and ongoing operations and maintenance. Its systems have been selected for a variety of ground-mounted solar installations, ranging from smaller community solar arrays to multi-hundred-megawatt utility farms.

FTC Solar’s management team brings together professionals with backgrounds in renewable energy, engineering and technology development. The company maintains regional service centers and field operations teams to ensure timely installation and on-site support. Ongoing investment in research and development underpins FTC Solar’s commitment to improving tracker reliability, reducing balance-of-system costs and advancing next-generation control algorithms for solar energy projects worldwide.

Key Stats

• Today's Range: $7.52 to $7.80
• 50-Day Range: $4.57 to $8.07
• 52-Week Range: $2.13 to $8.12
• Volume: 44,641 shs
• Average Volume: 53,861 shs
• Market Capitalization: $112.05 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.25
• Consensus Rating: Hold

FTC Solar Stock Analysis - MarketRank™

FTC Solar scored higher than 12% of companies evaluated by MarketBeat, and ranked 262nd out of 269 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Hold

Consensus Rating

FTC Solar has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.

Downside Risk

FTC Solar has a consensus price target of $4.25, representing about 43.6% downside from its current price of $7.53.

Amount of Analyst Coverage

FTC Solar has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for FTC Solar are expected to grow in the coming year, from ($3.98) to ($2.47) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FTC Solar is -1.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of FTC Solar is -1.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

FTC Solar has a P/B Ratio of 5.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.03% of the float of FTC Solar has been sold short.

Short Interest Ratio / Days to Cover

FTC Solar has a short interest ratio ("days to cover") of 13.5, which indicates bearish sentiment.

Change versus previous month

Short interest in FTC Solar has recently decreased by 1.67%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

FTC Solar does not currently pay a dividend.

Dividend Growth

FTC Solar does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.03% of the float of FTC Solar has been sold short.

Short Interest Ratio / Days to Cover

FTC Solar has a short interest ratio ("days to cover") of 13.5, which indicates bearish sentiment.

Change versus previous month

Short interest in FTC Solar has recently decreased by 1.67%, indicating that investor sentiment is improving.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, FTC Solar insiders have not sold or bought any company stock.

Percentage Held by Insiders

21.00% of the stock of FTC Solar is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

45.36% of the stock of FTC Solar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FTCI Stock Analysis - Frequently Asked Questions

How have FTCI shares performed this year?

FTC Solar's stock was trading at $5.51 at the start of the year. Since then, FTCI shares have increased by 36.7% and is now trading at $7.53.

How were FTC Solar's earnings last quarter?

FTC Solar, Inc. (NASDAQ:FTCI) announced its quarterly earnings data on Wednesday, March, 13th. The company reported ($0.70) earnings per share for the quarter, beating analysts' consensus estimates of ($0.80) by $0.10. The firm had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.80 million. FTC Solar had a negative trailing twelve-month return on equity of 262.78% and a negative net margin of 73.04%.
Read the conference call transcript.

When did FTC Solar's stock split?

FTC Solar's stock reverse split on Monday, December 2nd 2024.The 1-10 reverse split was announced on Wednesday, November 27th 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, November 29th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

When did FTC Solar IPO?

FTC Solar (FTCI) raised $350 million in an initial public offering (IPO) on Wednesday, April 28th 2021. The company issued 18,400,000 shares at a price of $18.00-$20.00 per share. Barclays, BofA Securities, Credit Suisse, UBS Investment Bank and HSBC acted as the underwriters for the IPO and Cowen, Simmons Energy (A Division of Piper Sandler), Raymond James and Roth Capital Partners were co-managers.

How do I buy shares of FTC Solar?

Shares of FTCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of FTC Solar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FTC Solar investors own include Waste Connections (WCN), AU Optronics (AUOTY), American Water Works (AWK), iShares Micro-Cap ETF (IWC), The RMR Group (RMR), DiamondRock Hospitality (DRH) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 3/13/2024
• Today: 10/04/2025
• Next Earnings (Estimated): 11/11/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Solar
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:FTCI
• CIK: 1828161
• Web: www.ftcsolar.com
• Phone: 737-787-7906
• Fax: N/A
• Employees: 220
• Year Founded: 1999

Price Target and Rating

• Average Price Target for FTC Solar: $4.25
• High Price Target: $5.50
• Low Price Target: $3.00
• Potential Upside/Downside: -43.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): ($3.92)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$48.61 million
• Net Margins: -73.04%
• Pretax Margin: -72.31%
• Return on Equity: -262.78%
• Return on Assets: -55.79%

Debt

• Debt-to-Equity Ratio: 1.20
• Current Ratio: 1.16
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $47.35 million
• Price / Sales: 2.37
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.48 per share
• Price / Book: 5.09

Miscellaneous

• Outstanding Shares: 14,880,000
• Free Float: 11,751,000
• Market Cap: $112.05 million
• Optionable: Optionable
• Beta: 1.43